Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted April 16, 2008.
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Auto loans
Rates: 7.06 percent (60-month, new car); 7.91 percent (36-month, used car)
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Big movement, relatively, in auto loan interest rates this week. The five-year new-car loan rate fell 7 basis points to 7.06 percent, while the four- and three-year new car loans each shed 8 basis points to come in at 7.01 percent and 6.94 percent in that order.
Used car loan rates saw some action as well. The four-year used-car loan rate dropped 4 basis points to 8 percent and the three-year used-car loan rate tumbled 3 basis points to land at 7.91 percent.
On Monday, Chrysler and Nissan announced a vehicle-building partnership. Reuters reported that the mutually beneficial deal will have Nissan constructing a small car for Chrysler in 2010 while the American automaker will put together a full-size pickup truck for the Japanese company in 2011.
-- Sheyna Steiner
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July 30 - Aug. 5
